Which of the following statements concerning the Fed is incorrect?
A) The Fed is the nation's central bank.
B) The Fed acts as the banker's bank.
C) Credit unions and savings banks must belong to the Fed.
D) Virtually,all large commercial banks are Fed members.
Correct Answer:
Verified
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Q40: The basic form of corporate ownership is
Q41: _ is organized as a not-for-profit cooperative.
A)Commercial
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Q46: There are _ Federal Reserve districts.
A)5
B)8
C)12
D)15
Q47: M2 includes _ M1.
A)all of
B)none of
C)some of
D)half
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